Green Car Congress

OCTOBER 2, 2020

ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. The $9-billion development will target an estimated resource base of about 600 million oil-equivalent barrels. Liza Phase 2, remains on track to begin producing oil by early 2022.

Guyana 418

Guyana Oil Singapore 2019 418

Green Car Congress

JANUARY 7, 2018

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. billion recoverable oil-equivalent barrels. Despite much naysaying and attacks against this process, I am confident that Guyana is on the right path.

Guyana 150

Guyana Oil South America Suriname 150

Green Car Congress

JANUARY 11, 2023

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production.

Oil Prices 210

Oil Prices Oil Global Price 210

Green Car Congress

JUNE 17, 2017

Exxon Mobil Corporation will proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. billion oil-equivalent barrels, which includes Liza and other successful exploration wells on Liza Deep, Payara and Snoek. Hess Guyana Exploration Ltd.

Guyana 150

Guyana Oil Water Corporation 150

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Guyana

Green Car Congress

FEBRUARY 9, 2018

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. ExxonMobil’s reserves life at current production rates is 14 years. billion gross oil-equivalent barrels prior to the 2018 Ranger discovery.

2017 186

2017 Papua New Guinea Oil Guyana 186

Green Car Congress

JUNE 18, 2022

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. The United States will account for about 60% of the growth in combined liquid fuels production in all non-OPEC countries.

Brazil 259

Brazil Canada Oil-Sands China 259